Trexquant Investment LP Acquires 12,217 Shares of HubSpot, Inc. $HUBS

Key Points

• Trexquant Investment LP has increased its stake in HubSpot, Inc. by 58.9% after purchasing an additional 12,217 shares, bringing its total ownership to approximately 0.06% of the company.
• HubSpot reported a 19.4% year-over-year revenue increase for the last quarter, with earnings per share exceeding analysts' estimates at $2.19.
• Wall Street analysts have generally maintained a positive outlook, with an average target price of $726.04 and ratings leaning towards "Moderate Buy."

Trexquant Investment LP increased its holdings in shares of HubSpot, Inc. (NYSE:HUBS - Free Report) by 58.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,971 shares of the software maker's stock after buying an additional 12,217 shares during the quarter. Trexquant Investment LP owned 0.06% of HubSpot worth $18,836,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Private Trust Co. NA grew its holdings in shares of HubSpot by 481.5% during the first quarter. Private Trust Co. NA now owns 157 shares of the software maker's stock valued at $90,000 after buying an additional 130 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of HubSpot by 4.6% during the first quarter. Principal Financial Group Inc. now owns 28,755 shares of the software maker's stock valued at $16,427,000 after buying an additional 1,276 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of HubSpot by 1,840.0% during the first quarter. Golden State Wealth Management LLC now owns 97 shares of the software maker's stock valued at $55,000 after buying an additional 92 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of HubSpot during the first quarter valued at $235,000. Finally, Amalgamated Bank grew its holdings in shares of HubSpot by 6.9% during the first quarter. Amalgamated Bank now owns 3,485 shares of the software maker's stock valued at $1,991,000 after buying an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Transactions at HubSpot

In other news, Director Brian Halligan sold 8,500 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $449.84, for a total value of $3,823,640.00. Following the completion of the transaction, the director directly owned 522,435 shares of the company's stock, valued at approximately $235,012,160.40. This represents a 1.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Yamini Rangan sold 2,383 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $551.79, for a total value of $1,314,915.57. Following the completion of the transaction, the chief executive officer directly owned 63,918 shares of the company's stock, valued at approximately $35,269,313.22. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,498 shares of company stock valued at $14,752,256. Corporate insiders own 4.00% of the company's stock.

HubSpot Stock Up 1.4%

HubSpot stock traded up $6.77 during trading hours on Friday, hitting $483.11. The stock had a trading volume of 817,566 shares, compared to its average volume of 1,095,732. The company has a 50-day moving average of $511.25 and a two-hundred day moving average of $577.51. The company has a market cap of $25.46 billion, a PE ratio of -2,100.46, a price-to-earnings-growth ratio of 16.65 and a beta of 1.66. HubSpot, Inc. has a fifty-two week low of $418.34 and a fifty-two week high of $881.13.

HubSpot (NYSE:HUBS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The software maker reported $2.19 EPS for the quarter, beating the consensus estimate of $2.12 by $0.07. The firm had revenue of $760.87 million during the quarter, compared to analysts' expectations of $739.94 million. HubSpot had a positive return on equity of 1.74% and a negative net margin of 0.42%.The company's revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.94 EPS. As a group, analysts forecast that HubSpot, Inc. will post 1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Raymond James Financial lowered their price target on HubSpot from $825.00 to $655.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Macquarie lowered their target price on HubSpot from $730.00 to $660.00 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Truist Financial lowered their target price on HubSpot from $720.00 to $675.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Wall Street Zen upgraded HubSpot from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, UBS Group decreased their price target on HubSpot from $820.00 to $700.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $726.04.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.